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Section 3(a)(1)(A) of the Investment Company Act defines an investment company as an issuer which is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting or trading in securities. See Section 2(a)(36) of the Investment Company Act of the Investment
The Minimum Initial Investment Amount is the minimum amount you need to invest in a fund for the very first time you invest. The Minimum Additional purchase Amount is the minimum amount that you need to invest in all the subsequent investments for the selected fund.
(2) The term "variable contracts" shall mean contracts providing for benefits or values which may vary according to the investment experience of any separate or segregated account or accounts maintained by an insurance company.
Key Takeaways. Many mutual funds require minimum investments in order to participate, ensuring sufficient capitalization and covering of the fund's operating costs. These minimums can typically range from $1,000$3,000 for investors, but they may be significantly larger for institutional investor class funds.
2. Joint stock company with variable capital. JSCVC is a joint stock company in which the capital and shares vary by new entrance or withdrawals of stockholders or by lapse of time through changing sharing proportions because of changes in shares' durations.